MINNESOTA CROP IMPROVEMENT ASSOC

EIN: 410706907

ST PAUL, MN

Total Revenue
$3,154,494
Total Expenses
$3,433,194
Total Assets
$7,358,829
Net Assets
$6,867,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
MN
Principal Officer
CARL ANFINSON
Phone
6126257766
Tax Period
2024-06-01 to 2025-05-31

MINNESOTA CROP IMPROVEMENT ASSOC, founded in 1903, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $6.9M represent 26 months of operating reserves.

Mission

MINNESOTA CROP IMPROVEMENT ASSOCIATION IS AN ORGANIZATION DEDICATED TO IMPROVING THE PRODUCTIVITY, PROFITABILITY AND COMPETITIVE POSITION OF PRODUCERS, PROCESSORS AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS BY PROVIDING SERVICES TO ENABLE THEM TO PROVIDE HIGH-QUALITY PRODUCTS TO MINNESOTA, THE UNITED STATES AND THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,731,826
Investment Income $155,468
Other Revenue $267,200
TOTAL REVENUE $3,154,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,372,204
Fundraising Expenses $0
Other Expenses $1,060,990
TOTAL EXPENSES $3,433,194

Year-over-Year Comparison

2024 2023 Change
Revenue $3,154,494 $3,365,540 -0.1%
Expenses $3,433,194 $3,048,735 +0.1%
Net Income $-278,700 $316,805 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
38
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$421,890
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL ANFINSON INTERIM EXEC 40.00
Officer
$86,327 $12,800 $99,127
SETH DAGOBERG INTERIM EXEC 40.00
Officer
$76,884 $17,655 $94,539
FAWAD SHAH PRESIDENT/CE 40.00
Officer
$208,908 $19,316 $228,224
BRENT BENIKE CHAIRMAN 3.00
Officer Director
$0 $0 $0
KELSEY HENKE VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
DUANE DAHLMAN SECRETARY 1.00
Officer Director
$0 $0 $0
GRANT MEHRING TREASURER 1.00
Officer Director
$0 $0 $0
RYAN ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BACKMAN DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY B CORTILET DIRECTOR 1.00
Director
$0 $0 $0
NANCY JO EHLKE DIRECTOR 1.00
Director
$0 $0 $0
GABEL HOSETH DIRECTOR 1.00
Director
$0 $0 $0
BRIAN JENSEN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,154,494 $3,433,194 $7,358,829 $-278,700
2024 $3,365,540 $3,048,735 $7,304,680 $316,805
2023 $3,114,254 $2,892,671 $6,119,241 $221,583
2022 $3,256,796 $2,767,305 $6,190,289 $489,491
2021 $2,928,096 $2,675,141 $6,114,912 $252,955
2020 $2,811,612 $2,451,078 $4,730,114 $360,534
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